Dynamic Technology Lab Private Ltd Makes New $829,000 Investment in QCR Holdings, Inc. (NASDAQ:QCRH)

Dynamic Technology Lab Private Ltd bought a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,283 shares of the bank's stock, valued at approximately $829,000. Dynamic Technology Lab Private Ltd owned approximately 0.06% of QCR as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QCRH. Raymond James Financial Inc. acquired a new position in QCR in the 4th quarter valued at about $3,979,000. Assenagon Asset Management S.A. acquired a new position in shares of QCR in the fourth quarter valued at approximately $3,755,000. JPMorgan Chase & Co. increased its stake in QCR by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after buying an additional 43,439 shares during the period. American Century Companies Inc. boosted its position in QCR by 10.5% in the 4th quarter. American Century Companies Inc. now owns 387,702 shares of the bank's stock valued at $31,264,000 after buying an additional 36,930 shares during the period. Finally, Schroder Investment Management Group grew its stake in shares of QCR by 29.0% in the fourth quarter. Schroder Investment Management Group now owns 150,525 shares of the bank's stock worth $12,141,000 after acquiring an additional 33,806 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

Insider Buying and Selling at QCR

In other news, EVP Nicole A. Lee bought 1,094 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of $78.47 per share, with a total value of $85,846.18. Following the completion of the acquisition, the executive vice president now directly owns 1,881 shares in the company, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James D. Klein sold 630 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the transaction, the insider now owns 428 shares of the company's stock, valued at approximately $31,415.20. This trade represents a 59.55 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

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QCR Price Performance

NASDAQ QCRH traded down $0.51 during mid-day trading on Friday, hitting $63.48. The stock had a trading volume of 36,609 shares, compared to its average volume of 71,804. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 9.43 and a beta of 0.81. QCR Holdings, Inc. has a 52-week low of $54.37 and a 52-week high of $96.08. The company has a 50 day simple moving average of $73.11 and a 200 day simple moving average of $79.20.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. Equities analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.38%. QCR's dividend payout ratio is presently 3.58%.

Analyst Ratings Changes

Separately, Raymond James reduced their target price on shares of QCR from $95.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd.

QCR Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.